In The Press

US Dollar
The US Dollar is under the pump today even though the Federal Open Market Committee (FOMC) hiked the target rate by 25 basis points (bp) as widely anticipated. While the move is unequivocally a tightening of policy, it was in the post-meeting press conference that...
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FOREX
Gold had a look lower at the US$ 1,900 handle in the US session but quickly recovered back above US$ 1,925. At the same time, the DXY Index, a benchmark measure of the US Dollar, moved to higher ground before collapsing into the New York...
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Japanese Yen
USD/JPY SHORT-TERM TECHNICAL FORECAST – NEUTRAL The Japanese yen’s rally against the US dollar appears to have stalled in recent days as the market looks for further cues from the upcoming US Federal Reserve Open Market Committee meeting. While the market widely expects the Fed...
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Crude Oil Price
Crude oil has steadied to start the week as China returns from the Lunar New Year holidays and ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. Both the WTI and Brent futures contracts took a beating on Friday as fears of a...
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FOREX
The British pound prepares itself for a stacked week ahead that include both Bank of England (BoE) and Federal Reserve interest rate decisions respectively (see economic calendar below). The BoE has hinted at yet another 50bps hike which is confirmed by money market pricing as...
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